Banca Transilvania acquired Idea Bank and the other companies belonging to Idea Group Romania


Communication from presa2021-10-29

Horia Ciorcila, BT: “We are convinced that through our efforts we are
pioneers in the Romanian banking market.

  • Idea :: Bank is the third bank purchased by Banca Transilvania.

  • The new entity of BT Financial Group will be a digital banking hub.

  • The positive impact of this acquisition is more than just one more step for the consolidation of the banking sector, it also stems from the ESG agenda of the new digital bank.

Banca Transilvania has reached the closing phase of the acquisition of Getin Holdings’ shares in Idea :: Bank, Idea :: Leasing and Idea :: Insurance Broker. BT announced the signing of the purchase agreement in June this year, and recently the Bank received the necessary authorizations for the completion of the transaction from the National Bank of Romania and the Competition Council.

Idea :: Bank will become a digital banking hub, beyond the reach of traditional commercial banks. The three entities known under the Idea brand will have a new corporate identity.

The new transaction will not only contribute to the consolidation of the Romanian banking sector, but will also convey the affirmation of the new bank as a digital platform with an ESG agenda at all levels.

We are pleased to complement the ecosystem and capabilities of Banca Transilvania with a new entity whose technology is written in its DNA.We are convinced that through our efforts we are pioneers in the Romanian banking market and with our customers who are increasingly interested in online banking products and services. We are grateful to those who contributed to the success of this purchase – the authorities, financial and legal advisors and the dedicated team at BT. Likewise, we would like to thank the Getin Holding group for its trust and cooperation “, says Horia Ciorcila, Chairman of the Board of Directors of Banca Transilvania.

For operations, services and advice, Idea :: Bank clients will keep in touch with the Idea :: Bank team, at the following contact details: [email protected], * 4455, or in n any unit of the Bank.

Banca Transilvania’s omnichannel ecosystem integrates the advantages of the conventional branch with online banking. 67% of the total number of customers – or 2.3 million – are digitized, using at least one of the bank’s digital solutions – applications, Internet Banking or Mobile Banking, on a regular basis.

Idea :: Bank is the third bank acquired by Banca Transilvania, after Bancpost (2018) and Volksbank Romania (2015).

Banca Transilvania’s consultants in this transaction were: Barclays Bank Ireland PLC, Filip & Company, EY and Linklaters.

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